Wednesday, December 31, 2008
How information gets into price
In most finance classes we talk about how information gets into the price of securities. Here is a great example. Apple (which SIMM owns) has traded down on rumors that Steve Jobs is sick. Traders have been looking for information to prove or disprove these rumors. how far will they go? How about asking frozen yogurt clerks?Steve Jobs In Great Health -- Frozen Yogurt Clerk (AAPL): "Can't
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market efficiency
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